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Red Hat (NYSE:RHT) Frequently Asked Questions

What is Red Hat's stock symbol?

Red Hat trades on the New York Stock Exchange (NYSE) under the ticker symbol "RHT."

How were Red Hat's earnings last quarter?

Red Hat Inc (NYSE:RHT) announced its quarterly earnings results on Tuesday, December, 19th. The open-source software company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.03. The open-source software company earned $747.98 million during the quarter, compared to analysts' expectations of $734.69 million. Red Hat had a return on equity of 26.23% and a net margin of 12.14%. Red Hat's quarterly revenue was up 21.6% on a year-over-year basis. During the same period last year, the business earned $0.61 earnings per share. View Red Hat's Earnings History.

When will Red Hat make its next earnings announcement?

What guidance has Red Hat issued on next quarter's earnings?

Red Hat updated its fourth quarter earnings guidance on Tuesday, December, 19th. The company provided earnings per share (EPS) guidance of approx $0.81 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.75. The company issued revenue guidance of $758-763 million, compared to the consensus revenue estimate of $753.63 million.

Where is Red Hat's stock going? Where will Red Hat's stock price be in 2018?

32 equities research analysts have issued 12 month price targets for Red Hat's stock. Their predictions range from $94.00 to $152.00. On average, they expect Red Hat's stock price to reach $126.20 in the next twelve months. View Analyst Ratings for Red Hat.

What are Wall Street analysts saying about Red Hat stock?

Here are some recent quotes from research analysts about Red Hat stock:

1. Evercore ISI analysts commented, "We continue to view FY19 revenue estimates as being fairly conservative and while Red Hat shares may need to consolidate around current levels before pushing higher, we believe the company remains well positioned as it relates to hybrid cloud adoption and CoreOS is a solid addition to its emerging product portfolio. Maintain Outperform and $140 PT based on 24x EV/CY19 FCF." (2/2/2018)

2. According to Zacks Investment Research, "Red Hat reported impressive third-quarter fiscal 2018 results. Both earnings per share and revenues beat the Zacks Consensus Estimate and improved on a year-over-year basis. Top-line growth benefited from improving linearity driven by on-time renewal of deals (25 in the quarter) reflecting strong demand for hybrid cloud technology solutions as well as aggressive cross-selling. Moreover, robust performance by the Services business based on strong demand for the Ansible solution is a key catalyst. Expected strong demand for containers is another growth driver. Red Hat’s expanding partner base that includes IBM, Intel, Dell, Google, Microsoft, Amazon and Alibaba is noticeable. We note that the company has outperformed the industry on a year-to-date basis. However, stiff competition is a headwind. Pivotal Container Service (PKS) formed through the partnership of Google, Pivotal and VMware is a significant threat in this regard." (12/27/2017)

4. Barclays PLC analysts commented, "A Strong Finish to the Year: After these results, we think Red Hat shares should be able to move higher from current levels. The company delivered on all the main aspects that investors are focused on: healthy billings growth, reacceleration of emerging product growth, strong backlog growth, and the return of leverage in the model. We think that investors will want to pay a higher multiple for a story that is finally coming together, hence, we maintain our Overweight rating." (3/28/2017)

5. Jefferies Group LLC analysts commented, "RHT reported very strong F4Q results that are solid even when taking into account the performance over the last two quarters, including the F3Q quarter that was very weak. Guidance was also better than consensus estimates, but implies only single digit billings growth in the first half, low teens for the year, and no new business growth by our calculations. Margins continue to be flat, which we expect to persist." (3/28/2017)

How do I buy Red Hat stock?

Shares of Red Hat can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Red Hat's stock price today?

One share of Red Hat stock can currently be purchased for approximately $142.71.

How big of a company is Red Hat?

Red Hat has a market capitalization of $25.26 billion and generates $2.41 billion in revenue each year. The open-source software company earns $253.70 million in net income (profit) each year or $1.84 on an earnings per share basis. Red Hat employs 10,500 workers across the globe.

MarketBeat Community Rating for Red Hat (RHT)

MarketBeat's community ratings are surveys of what our community members think about Red Hat and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Red Hat (NYSE:RHT) Analysts' Consensus Rating

MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.

MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.